ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL- 09/13/2011

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/13/2011

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL –  09/13/2011 list has  been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

These  are Single Family Homes ‘Active’ on the Birmingham MLS. These homes

are  ripe for the picking. Don’t Let them pass you by. ACT NOW!!

I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.

Most people  know that homeownership comes with great tax breaks:  home mortgage interest and  property taxes are deductible from federal  income tax as itemized deductions.  The value of these deductions should  always be factored in when determining the  true cost of homeownership.

However,  homebuyers should be aware many of the costs of buying and  owning a home are  not deductible.

You cannot  deduct any of the following items:

  • insurance (other than mortgage  insurance premiums), including  fire, title and homeowners insurance;
  • rent for occupying the home before  closing;
  • wages you pay for domestic help;
  • depreciation;
  • the cost of utilities, such as  gas, electricity, or water; or
  • forfeited deposits, down payments,  or earnest money.

Real estate taxes

Homeowners  can deduct property taxes based on the assessed value of  their real property.  However, not all charges imposed on homeowners by  local taxing authorities are  deductible. These nondeductible charges  include charges for services.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE

During his speech before Congress Thursday night, President Obama briefly referenced an initiative to help rescue the troubled housing market.

 

 

 

 

“To help responsible homeowners we’re going to work with Federal housing agencies to help more people refinance their mortgages at interest rates that are now near 4% – a step that can put more than $2,000 a year in a family’s pocket, and give a lift to an economy still burdened by the drop in housing prices,” he said.

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